Solas Capital Management LLC Has $10.12 Million Stake in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Solas Capital Management LLC increased its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,361,378 shares of the company's stock after acquiring an additional 330,000 shares during the period. Ardagh Metal Packaging makes up 6.7% of Solas Capital Management LLC's investment portfolio, making the stock its 8th largest position. Solas Capital Management LLC owned about 0.56% of Ardagh Metal Packaging worth $10,118,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. CenterBook Partners LP boosted its holdings in Ardagh Metal Packaging by 161.0% in the fourth quarter. CenterBook Partners LP now owns 2,370,730 shares of the company's stock worth $7,136,000 after purchasing an additional 1,462,548 shares during the period. Renaissance Technologies LLC raised its stake in Ardagh Metal Packaging by 19.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,817,632 shares of the company's stock worth $5,471,000 after acquiring an additional 294,700 shares during the period. Geode Capital Management LLC lifted its holdings in Ardagh Metal Packaging by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,810,069 shares of the company's stock worth $5,448,000 after acquiring an additional 25,187 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Ardagh Metal Packaging by 7.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,314,433 shares of the company's stock valued at $3,956,000 after acquiring an additional 91,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Ardagh Metal Packaging by 6.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 935,648 shares of the company's stock valued at $2,816,000 after purchasing an additional 59,663 shares during the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock traded up $0.02 on Thursday, reaching $3.73. The stock had a trading volume of 1,010,962 shares, compared to its average volume of 1,527,423. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.50 and a fifty-two week high of $4.26. The business's 50-day moving average price is $2.92 and its two-hundred day moving average price is $3.13. The stock has a market cap of $2.23 billion, a P/E ratio of -31.04, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Ardagh Metal Packaging's revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend is Monday, May 5th. Ardagh Metal Packaging's payout ratio is -1,000.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMBP. Citigroup cut their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Morgan Stanley raised Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. UBS Group lowered their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.44.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.